Taylor Swift, intellectual property law, and due diligence disasters
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Couldn’t the new owners continue to sell the original masters through iTunes and whatnot, just at a discount to remaster?
Personally, I don’t like re-recorded music as I think the authenticity of the original recording is of some value to me. It’s good the author prefers the new version, but that’s a different album that what I originally heard.
I would love to know how the deal was projected and how each side calculated present value. Also interesting to know what Swift offered and why BigMachine turned down her deal.
I think this business stuff of music is a distraction and it’s sad to hear about artists spending time and attention re-recording original stuff rather than working on new art. There’s a response tweet about how Mick Jagger and Keith Richards re-record sync requests so they can get more money. It’s a shame because they could be doing more productive things rather than trying to maximize their millions. Although it’s understandable because most people give the choice of “money” or “more money” choose more.
I get that Taylor wanted to buy it back herself, but if anything is shady it’s her attempts to destroy the value of that product in bad faith, rather than simply negotiating with them to split whatever profits are in it.
https://publicintegrity.org/national-security/investing-in-w...